In view of China's epidemic prevention restrictions and real estate dilemma, the International Monetary Fund (IMF) may have to reduce its predictions on China's economic growth.
According to Bloomberg, IMF expects that China's GDP this year will increase by 3.2%, an increase of 4.4%next year.IMF President Georkeva told reporters in Berlin on Tuesday (November 29) that "there is a downlink risk. In the case of current uncertainty, we may indeed have to reduce these predictions."
She said, "China does have a fiscal space to boost the economy, and to deal with any growth pressure, we have been studying what China can do."
